@Jeff He not sure where you are getting $200 from, 100% incorrect unless you are talking about a 50 unit building with an enormous parking lot .BTW I am not speculating as I have extensive experience years of PM, and about 500 flips  All the best  

"Because asbestos in certain forms has been determined to cause serious health problems, the DEP regulates the removal, collection, transportation, and disposal of Asbestos-Containing Materials (ACM).

I collect my rent online or checks mailed. 

These are my questions,1) what the best way to collect rent?

There is no way you can keep up with all the changing rules.Lease agreement - The lease agreement is the number one tool for controlling tenant behavior, protecting the property, and collecting the rent.

I've heard people on both sides of this so just collecting more information.

You can't build anything in life without the proper tools, so collect the tools first. 

With REI, graduation is achieving your financial (specific...not, "I want to be financially independent) goals.Next, you need to forget about collecting income properties at the start. 

I have no development experience however have a large portfolio of homes in the Charlotte suburbs which are solid performing assets and have done extensive rehab's on many properties from basic new kitchen/ba reno's to full structural/electrical/plumbing renovations. 

Poor people have low value (to worthless) things, and things that are not are financed.Written into a lease or not, I still think (Trying) to take something of value from these people will result in a physical fight or a gun being pulled.Texas is a hard to collect state, but turning a smoke stained 11 year old big screen into $100 at the pawn shop hardly seems worth the drama/effort/personal risk.Some people will kill each other over McDonalds Chicken nuggets being out of stock--you never know how people will react to this.